In fact SBD is ranked number 1, STEEM is ranked number 2 and BitCoin is now pushed into third place. And all thanks to my email to them suggesting they monitor the Alexa ranking for steemit.com rather than steem.io!
We should notice a further upwards change in STEEMs ranking for 'Community' over the next day or two as the twitter data corrects to point to the much more popular @steemit, rather than @steemchain, and STEEMs missing community data is updated to match SBD.
Has STEEM been undervalued due to rankings such as this looking at the wrong twitter and alexa data? Quite possibly. Here is hoping this gives the STEEM value a little boost...
VERY SMART suggestion outstanding work!
Did you go back on the whole 'no self upvotes' thing? You're giving yourself an astonishing 27% :-/
http://steemreports.com/outgoing-votes-info/?account=jerrybanfield
Yes thank you @demotruk for inspiring me to share this in the next Steem secret post I make because I did change my mind on this after about a month of trying it both ways with no self upvotes and before that a lot of self upvotes!
Thanks. Coingecko don't get quite the visitors of say coinmarketcap, but they do have a greater variety of metrics, and their popularity is on the rise, so it seemed worth getting them to use more favourable stats for us, especially since their existing ones were poor measurements of our community strength.
I think Steem is heavily undervalued and will shoot up within next 6 months.
At least $4 seems a realistic goal for a new stabilising point after the next boom.
What website is being used to measure Bitcoin public interest?
Edit: Seems it's using bitcoin.org. If Steem gets to use Steemit.com, then Bitcoin should get to use Bitcointalk.org. That would put Bitcoin back on top, although steemit.com is rapidly catching up on Bitcointalk traffic.
Edit2: As far as I can tell Steemit.com is vastly ahead of the communication hubs of any altcoin, Bitcoin is the only one ahead of it.
This is true. But given they seem to lack the social media data for STEEM at the moment, I'm not going to be the one to complain. :)
Is that for the "community" metric?
Yes. Currently it is based on reddit, facebook and twitter. SBD has the data but STEEM doesn't, although it should update in a day or two. I also persuaded them to change the twitter data to use the @steemit twitter instead of @steemchain. That will boost the community rankings. Perhaps one day we will be big enough that they will use steem tags to measure all cryptos community rankings... ;)
It seems like our own social network works against us there. Steemit.com activity and traffic massively outdoes the reddit traffic on all other cryptos including Bitcoin, but there isn't much Reddit.com/r/steemit traffic for obvious reasons (why post there when you can post here and get payouts..?).
Facebook and Twitter stats could be seriously improved.
Embiggen
(Relevant /r/steemit stats)
I always try to drop mine there. Good advertising for the platform as a whole.
How do I view the stats page? I'm getting 404's when I add /about/traffic like I used to to subreddits...
Indeed. I had been thinking the same thing. However we have to recognise that bitcoin and ethereum are popular tags on steemit. It would be nice if having a steem tag was one of the 'Community' metrics measured. Perhaps number of posts in past 24hrs or week? CoinGecko would need some easy way of getting the stats they need that way. If we have more bitcoin posts per day than facebook, they should be using us anyway.
Bitcointalk has 1.2 million posts in the Bitcoin forum, and 0.9 million in the altcoin forum, making it even more complex (it is really a crypto forum, not just Bitcoin, and Steemit is more than just Steem as well).
In fact, the Bitcointalk forum with the most posts by far is Altcoins - Announcements with over 4.3 million posts.
This is the problem with complex metrics. People rightly criticize Market Cap for being a simplistic way to measure the competitive position of a cryptocurrency, but when you try and make more complex metrics, you end up diving deeper into the nuances of the problems with each part of the metric. A collection of simple metrics is preferable to complex aggregate metrics that inevitably end up reflecting favoritism or are still just easily gamed.
Thanks for taking the initiative and emailing them and giving them the right alexa data of steemit.com instead of steem.io.
Thanks for representing us.
I has been my pleasure. Indeed it is also in my interest if steem goes to the moon... ;)
Great work on your email! It was silly for them to monitor steem.io.
"Has STEEM been undervalued due to rankings such as this looking at the wrong twitter and alexa data? Quite possibly."
I'm certainly hoping so, because I've been buying on the way down.
Great job, not keen on seeing our beloved Steem and SBD bloody all over! Upvoted! :)
Nor I. Best to HODL or even buy when it is like this. I feel confident it will rise again though.
Great work @Antonchanning! Sometimes it takes folks like you to get shit done. #HighFive
When you see a job that needs doing, do it. Admittedly, seeing the chance to profit from a rise in value may have motivated me a little... ;)
Wow! Steem for the win!!
cool, do you know how public interest is measured? I am wondering what it really means.
It is based on two factors, number of Bing Search Results, and Alexa traffic ranking. Mainly the latter.
Im wondering about Monero on #55. Anyway. Good job steem!
Yes, Monero is #6 in overall score, just scores bad in 'Public Interest'.
Thats right, but i don't understand why, by all the benefits of Monero?! I think the time will show.
Probably because those that buy it, buy it directly from an exchange without bothering to look at the website. They probably read about on bitcointalk and steem posts, and it also has a good community score. Bing search results are good, but it has a poor alexa ranking for https://getmonero.org
Let's hope it gives Steemit a bit of a push, because, the listings as they were, showed it stalling. I do hope it brings a knockon effect for Steem and SBD.
Thanks for putting in the time @antonchanning.
STEEM is now up to 23rd place overall. It should rise further up the chart once they have the reddit stats updated...
Let's see if it's chart ranking affects its price.
I'm not expecting an immediate response at this point, but rather that STEEMs higher placement will give it more attention when the mood swings back to investment in altcoins, probably after all the potential bitcoin fork dates have passed.
Well, I see BTC just dropped $500USD in the last 12 hours.
steem go to the moon :D
great victory for all of us and yeah i made a contest for everyone check it too :)
Well done for being proactive and contacting coingecko to instruct them to monitor steemit.com - Lets hope for a boost in price this week!
its nice to hear this good news, keep to establish a nice sharing platform, Steem will become more and more famous and SBD will keep to increase just like BTC.
That's very refreshing to read . The slow steady down path has been a bit dis heartening .
A lot of that is investors moving into BTC because of the fear of missing out. Once all the potential segwit fork dates have passed we'll see a lot of movement back into 'altcoins'. We may have to HODL a bit longer.
But when the time comes, the increased ranking of STEEM will pay off.
That would be awesome if we get to ride some of this Bitcoin wave with real data in the mix. But will STEEM still be a viable platform in years to come? I think we need to make a spot for videos and increase hosting capacity and even create apps so we can absorb all the YouTubers who are being censored and make it so we csn bring Steemit to TV's.. Combining crypto with vlogs would most definitely be mashing together two very in demand pieces of tech that, I think, would make STEEM go 🌙 and steal some serious thunder from the monopolized chains of Google, Facebook and Twitter. The internet needs an alternative and I think we have the model right here if we could get more servers to host the amount of video required to pull from YouTube. Maybe we can set up at home servers and use a VPN and proxy service to support it and keep it within the community. Could it be done? We need a place for free speech and with upvoting and flagging users would be able to make money for content and not have to be politically correct all the time. Decentralized currency and decentralized area of ideas and speech. The world is Steemit.
Thank you for this info, and for your work to let steem to be in a higher consideration in the world. :)
We shall see, we shall see..
Thanks for the great post!
It was damn time! Great work
Hope steem will break the 1.5 wall soon.
Yes, it would be nice to see a boost this week! :)
The fact that Steemit provides a platform for people to express their views and opinions, it may stand a chance to dethrone popular sites such as FB.
Hey! Good find! :) That's pretty awesome.
Great post. It would be cool if they expanded the social media metric to include steemit.com, busy.org, and chain.bb. Also, I am skeptical that there are more Bing searches for SBD than STEEM...
Well, if they just followed tag usage on the steem blockchain, that would automatically take into account posts from esteem, busy, chainbb and other interfaces, as well as steemit.
Steem is a Killer Platform
I am a Power Social Media user
And This looks Fab Tech and Model.
You have done a noble deed for the STEEMIT community!
I think we got the number 1 rank in term of prices. That was not even closed but we are looking into that. Maybe not today but I am sure, that is our fate.
nice information thanks
hope so as well :)
Hey well there you go! Then again, we are a social media, so I would it has a public interest :P Haha this is awesome though!
Talk soon.
Yes, but they were measuring the wrong site until I corrected them. So our ranking was previously very low. One email was all it took for them to update their information and we suddenly claim number 1 and number 2 positions!
Excellent news!👍🐸
Steem will for sure pick up and when that day comes i will surely be very happy really trying to invest as much as i can into steem and its community please follow and upvote my article will be doing the same @rogerblu
very informative
ok i vote you i always remember you my friend :)
Thanks for this good information!
i can't help wondering how much of the activity that alexa is counting is due to spambots rather than real users though...
I doubt spambots are registered as alexa users. Alexa base their rankings on a sample of users that have signed up to share their browsing habits with them. Obviously this is like opinion polling and will have a margin of error, but it is a pretty good guide. It doesn't surprise me that steemit.com has more visitors than the bitcoin website.
that's good to know... i hadn't really looked into it but was wondering how much all the follow for follow spam was influencing the rating...
There are flaws with Alexa's methodology, but one thing that counts in its favor is that it's very unlikely to count spambots.
According to that SBD has the better community... Compared to steem? What? They should really fix their information. Beyond this SBD has higher interest from the community then the actual steem crypto currency? What...
Good eye on you to catch their mistakes. Your question is a good one! Where else have similar mistakes been made?
Yes, they replied to me saying they have fixed it and it should update in a day or two.
Hopefully your efforts will lead to some more growth here in the long term. Really nice job working to get this fixed.
tip!
@tipU - send tips by writing tip! in the comment and get share in service profit :)
Check out @promoted - the good guy voting bot.
This is great news. I've been "pushing" Steemit on all the journalists and content creators I follow on Twitter.
yes steem and sbdd have both a great future because they have provide the market with new idea
Steem be like
Glad to have bought some Steem for day trading on Bittrex. It is up by 2000 Satoshi and I hope it goes up even further. The amount is too low otherwise I would have transferred some to Steemit to power up.
deseo aprender mucho con ustedes.